Ouko doubts KPA will recover Sh3bn held in Chase Bank

Chase Bank on Mama Ngina Street in Nairobi on April 7,2016, shortly after it was placed under statutory management. file photo | nmg

Auditor-General Edward Ouko has raised doubts over whether Kenya Ports Authority (KPA) can recover Sh3 billion it deposited in Chase Bank four months before it was placed under receivership in April 2016.

Mr Ouko said it remains unclear whether the KPA would recover the billions placed in fixed deposits as the Central Bank of Kenya seeks a buyer to revive the bank.

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